5 January 2009 05:52
“It is too early to say which of our people will be going across to Aberdeen,” he said.
Giubin said the decision had nothing to do with plugging holes in Credit Suisse’s balance sheet – the assets were exchanged for stock, not cash – but rather it was part of a consolidation that was taking place across the industry.
“To grow this business, we needed to get together with a strategic partner,” he said. “It was inevitable.”
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Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.
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